India & Austria Signs Protocol to Amend Bilateral Taxation Treaty

India & Austria Signs Protocol to Amend Bilateral Taxation Treaty(संधि) 

India and Austria signed a protocol on February 6, 2017 to amend the existing bilateral taxation treaty for Avoidance of Double Taxation and the Prevention of Fiscal Evasion(टालना) . The protocol was signed between Central Board of Direct Taxes (CBDT) Chairman Sushil Chandra on behalf (की ओर

से) of India and Embassy of Austria Charge d’ Affaires Georg Zehetner on Austria behalf of Austria.

The protocol will broaden (व्यापक बनाने) the scope of the existing framework of exchange (अदला बदली) of tax related information. This will help to curb tax evasion and tax avoidance between the two nations as well as enable mutual (आपसी) assistance in relation to collecting taxes.